The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1887-09-24
FINANCE AND COMMERCE.
Money 3 Per Cent, New York tx
change Par Selling.
Gotten steady-Midd1fng Cosson'
q IS-Isc-sales To-day BOO
BALES.

APPEAL 0FYIoE,
PsuAr EVENING. September %. 1887. I
Money remains firm at s per cent,
The banks are doing nothing In loans
outside Of regular customers, and these
continue to be literally supplied, set.
ting sill they need. The monetary
troubles in New York-now settled,
however, by the action Of the secre'
tary OF the Treasury-only affected
the Memphis money market sympa'
thetlcally, except so far as certain
Memphis m erchsnts who secured loans
In New York each season until the
present, when they had to call on the
Memphis banks for accommodation.
Bssisr money is looked for In few
weeks, just as soon as q sufficient
amount OF cotton Is sold to relieve the
stringency Of the market. The local cot
ton market closed steady, with sales at
Zoo bales, or 1400 to exporters and
700 to spinner: New York spots
closed easy; September futures of 4
points, October up point and the
later months of l to 2 points.
OIL. Greene & Co., Of New York,
say: September cotton options made
q break Of 10 Q points, without i'm.
portant recovery. Along the rest OF
the line the feeling was also weak
during the greater portion Of the day.
Spot cottons are slow, at old rates,
but offerings to arrive at decline"
At New Orleans spots closed steady,
with middling eli l.lsc, and good
middlirg of &c; other grades I'M
changed. Futures dull, and off l to Q
points.
The Liverpool market was quiet
and rather easier, with futures Oh 2 to
spolnts-
As TO the Egyptian cotton crop, q
correspondent Of the Nsw York
Chronicle, writing from Alexandra,
says: Everything depends upon
the rise Of the Nile, because II the
waters come up ss suddenly and in
great volume, 1t is very doubtful
whether the dykes will be able to re-
sist Il; but, besides inundatiop, there
Is fear Of heavy logs setting in"
Nothing new appears In the stu
alton tf the New York grocery market.
On sugar and coffee the feeling 10
tame, with no improvement In tone.
The rice msrket appears In coed posi-.
ton. Stocks Of old are pretty well
worked up snd supplies Of new are
awaited with considerable interest,
prices being q1oted firm. Canned
goods are Ia active demand by the
trade and supplies are going out freely
now thstsndiug the higher ideas Of
holders ss compared with last year.
IMPORTS.
Twenty FIVE brls apples, 100 ok,
bran, 50 pkgs butter, 2s5 rolls bsgging
III pkgs bacon, 222 pkgs boots aud
shoes, 1000 bu corn, $500 sks cotton
seed, 7 cars cotton seed. 6S pkgs dry
goods, 20 pigs eggs, 1850 brls ajur,
1912 baes hay, % pkgs hats, 20 bead
cattle, 20 head horses and mulss, 2lt
pigs lard, 5000 feet lumber, 200 car
lime, 80 brls lime, 555 kegs Daila, 400
bu oats, car polk sides, AZ pkg, rice,
t25 brls sugsr, 800 pkgs tobacco and
600 bu wheat.
KLKyAroR REPORTS.
The following elbows the amount oI
grain received, Withdrawn and 10 o. ~,
by regular elevators, as reported 70 IN,
Merchants Exchange today: Wheat
In store, 6l,2lS bufhsls. Core
Withdrawn. $50 bushels; In store
650i bushels. 0lts received, lllt
bushels; Withdrawn, 400 bushels; In